Sensex Today Zooms 721 Points | Adani Transmission, Zomato Surge Over 8% | 4 Reasons Why Indian Share Markets Rallied Today

Mon, 26 Dec Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on a positive note, Indian share market extended gains as session progressed and ended on a firm footing.

The rally was aided by a rebound in metal stocks after a sharp slide last week. However, a rise in crude oil prices and concerns over a prolonged high-rate regime in the US capped gains.

Investors today chose to overlook the grim Covid situation in China and bargain-hunted for undervalued stocks.

Most of the sectors made handsome gains with PSU bank index gaining 7%.

At the closing bell, the BSE Sensex stood higher by 721 points (up 1.2%).

Meanwhile, the NSE Nifty closed higher by 208 points (up 1.2%).

IndusInd Bank, SBI, and Hindalco were among the top gainers today.

Cipla, Divis Laboratories, and Dr Reddy's Laboratories, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,013, up by 149 points, at the time of writing.

The BSE Midcap index ended higher by 2.3% while the BSE SmallCap index ended higher by 3.1%.

Barring healthcare sector, all sectoral indices ended in the green with stocks in the financial sector, metal sector, telecom sector, and power sector witnessing most of the buying.

Among the best banking stocks, IndusInd Bank and SBI inched 4% higher.

Shares of Bank of India, Bharat Dynamics, and Trident hit their 52-week highs today.

Asian stock markets ended on a mixed note. The Nikkei ended the day higher by 0.7%, while the Hang Seng fell 0.4%. The Shanghai Composite ended 0.6% higher.

The rupee is trading at 82.6 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 54,632 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading higher by 0.1% at Rs 69,090 per 1 kg.

4 Reasons Why Indian Share Markets Surged Today

#1 FII & DII buying: In December so far, FIIs have poured in around US$1 billion (bn) (Rs 82 bn) of funds.

Meanwhile, DIIs have also consistently bought the dip in recent month. On Friday, DII were net buyers to the tune of Rs 33 bn.

#2 Upbeat global cues: Following the conclusion of the tech bloodbath, Wall Street indices kicked off Friday on a high note, with Nasdaq inching higher by 0.2%.

Asian stock markets followed suit. The Nikkei index ended higher by 0.7% today.

Upbeat global cues had an impact on Indian markets and the sentiment somehow improved.

#3 Rupee edges higher: Rupee appreciated by nine paise from its previous close to 82.77 vs the US dollar amid fall in value greenback against six peers.

#4 Bargain hunting: After a massive sell-off witnessed last week, especially on Friday, investors were back looking for undervalued stocks to buy.

Speaking of the stock markets, Richa Agrawal talks about EV stocks to add to your 2023 watchlist in her latest video.

While EVs could be the biggest megatrend of this century, the popular and leading names in EVs will not be the biggest beneficiaries of the EV transition.

She further talks about the need to expand the vision beyond EV OEMs to make big gains from the EV revolution.

Tune in to the below video to know more:

L&T bags prestigious orders for its water treatment business

In the news from the engineering sector, shares of Larsen and Toubro jumped 1.2% today.

The company today bagged a significant order from the Tumakuru Industrial Township Limited (TITL) under the Chennai Bengaluru Industrial Corridor.

It has also bagged repeat orders from the Tamil Nadu Water Supply and Drainage Board, funded by the Asian Development Bank.

The company did not disclose the exact value of the orders. However, the value of the project is between Rs 10 bn to Rs 25 bn.

The order from TITL is to construct, operate and maintain infrastructure works at the Tumakuru Node, Karnataka, on an EPC basis.

This project is part of the Union government's flagship program, Development of Industrial Corridors, the apex body overseeing the integrated development of all industrial corridors across the country.

The program envisages developing land to promote industries, residential areas, commercial complexes, and logistic hubs, covering a total area of 1750 acres.

It also includes green cover development of 80 acres at Tumakuru.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

The company has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favorite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

Alembic Pharma gets USFDA nod for generic drug

Moving on the news from the pharma sector, shares of Alembic Pharma climbed 1.6% today.

Alembic Pharmaceuticals today received final approval from the US health regulator for its generic Fulvestrant injection used in the treatment of breast cancer.

The approval was granted by the US Food & Drug Administration (USFDA) for the abbreviated new drug application single-dose prefilled syringe.

The approved injection is therapeutically equivalent to the reference-listed drug product.

For 12 months ended September 2022, Fulvestrant injection had an estimated market size of USD 71 m.

Alembic Pharma is one of India's leading pharmaceutical companies.

The company is vertically integrated with the ability to develop, manufacture, and market pharmaceutical products, pharmaceutical substances, and intermediates.

The company is the market leader in the Macrolides segment of anti-infective drugs in India.

Speaking of pharma stocks, amid the outbreak in China, pharma stocks have started to rise. Select stocks have gained 5-15% in recent sessions.

Keep a watch on the best stocks from the sector as the industry looks in a sweet spot at the moment.

GPT InfraProjects hits the upper circuit

Moving on the news from the real estate sector, shares of GPT Infra rallied 20%.

The small-cap stock rallied as the company announced on Monday that its subsidiary in Ghana won an order worth Rs 1.2 bn from a Ghanaian company partly owned by the Government of Ghana.

A subsidiary of the GPT Infra project has bagged a contract from RMS Concrete Limited, Ghana, with a size of Euro 13.9 m, to approximately Rs 1.2 bn.

The order includes manufacturing and supply of 1,30,000 sets of standard gauge pre-stressed railway concrete sleepers by RMS Concrete.

The company is engaged in executing civil infrastructure projects on one hand and manufactures railway concrete sleepers.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers